Christmas and Bitcoin - page 2. | Bitcointalksearch.org

TTMNewsMJ

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Quote from: Eric Cartman on December 10, 2015, 01:31:27 PM

If people use their end of year bonuses to buy BTC then there is a chance, but nothing is warranted since people will buy things with BTC too

anything may happen

Yes you are absolutely right.
If many people will going to buy a lot of bitcoin then there is a possibility for everything.

TravisNeko

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We will see if Santa Claus will give me 10BTC.
That would be a awesome gift in Christmas.

MaxTax

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Quote from: richardsNY on December 10, 2015, 10:36:08 AM

Quote from: MaxTax on December 10, 2015, 10:18:12 AM

Quote from: richardsNY on December 10, 2015, 08:32:51 AM

We simply don't know exactly why the price is going up. The only thing we can do is make a rough guess. I personally think it's more due to the upcomming block halving. That's the most likely scenario.

Yeah exactly we can only speculate about how we want it to go or how we think it will go.
I don't know what silk road is, anyone care to explain?

SilkRoad was a marketplace that people could only access via TOR. There you could buy all kind of things, drugs, weapons, pc parts, fake id's and so on. It was the first merchant that was solely operating with Bitcoin.

Ahh alright, thank you for clearing this up.
Does Silk road still exists?

thirdprize

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Quote from: teukon on December 10, 2015, 04:26:40 PM

Quote from: thirdprize on December 10, 2015, 05:51:05 AM

Now its in the lead up to christmas again and the price is going up again. Coincidence?

Yes.

Well, I recon that come January the price will go back into a slump.

nydiacaskey01

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Maybe people started stacking up coins by November then start dumping them starting them Black Friday till Christmas season shopping.
Those buying season may have helped BTC rate to climb but not really a huge jump like we experienced last time when it reached $500

Sturgeon

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ドラゴンスピ

Quote from: thirdprize on December 10, 2015, 05:51:05 AM

Here is my theory. The first big Btc boom coincided with two things, christmas and Silk Road. I am sure lots of people were getting ready to party and Btc just happened to be the easiest way to order stuff from SR. SR gets busted and no real big booms again. Now its in the lead up to christmas again and the price is going up again. Coincidence? There are probably dark net sites somewhere causing the boom.

I doubt with your story, look at december 2015, price of bitcoin get bullish at november 2015 and down at december 2015

panju1

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Quote from: The Sceptical Chymist on December 10, 2015, 04:46:22 PM

Well Christmas does tend to bring out the worst in humanity. Take notice of black Friday stompcrushes and the roadways next time you're out. And who hasn't had family get-togethers such that Silk Road wouldn't have come in handy? And yes, bonuses are given out too. God I hate Christmas.

Christmas bonuses. That could be a reason for the higher prices too!
But I doubt if there are people investing that kind of money in Bitcoin.

randy8777

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Quote from: Mickeyb on December 10, 2015, 04:42:17 PM

I was all of the times hearing arguments how Christmas brings the price down. Now in this thread I am hearing completely opposite! This is quite weird to me!

I guess that people explain things to themselves as they wish!

people change their predictions very often. one day they think the price will reach $500 easily before the end of this year. and the other day they think it will go back to below $400 to stay there till next year. i have seen so many people do this lately. they don't know what to say or think anymore.

The Sceptical Chymist

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Well Christmas does tend to bring out the worst in humanity. Take notice of black Friday stompcrushes and the roadways next time you're out. And who hasn't had family get-togethers such that Silk Road wouldn't have come in handy? And yes, bonuses are given out too. God I hate Christmas.

Mickeyb

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Move On !!!!!!

I was all of the times hearing arguments how Christmas brings the price down. Now in this thread I am hearing completely opposite! This is quite weird to me!

I guess that people explain things to themselves as they wish!

ajareselde

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Satoshi is rolling in his grave. #bitcoin

I believe people do tend to spend more on xmass, so it may bring the price up a bit, also; end of the year brings us to the year of the halving, and
some people may see this as a last chance to buy before the price starts it's increase caused by halving.
On another note, the price already moved up quite a bit, so there's a good chance that we will only see stabilization at current price, with no further increase.

teukon

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Quote from: thirdprize on December 10, 2015, 05:51:05 AM

Now its in the lead up to christmas again and the price is going up again. Coincidence?

Yes.

Eric Cartman

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If people use their end of year bonuses to buy BTC then there is a chance, but nothing is warranted since people will buy things with BTC too

anything may happen

mobnepal

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I don't think only christmas shopping will cause pump on price as the one who already have bitcoin spend bitcoin on christmas will not cause bump. We need extra money from outside to actually make price to rise. The block reward halving may have some good effect on price.

Junko

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Quote from: tiggytomb on December 10, 2015, 11:27:44 AM

Quote from: Junko on December 10, 2015, 11:22:31 AM

Too bad the Chinese don't celebrate the Christmas season being that only about 1% of them are Christian.

Not to get into any religious discussion and hijack this thread, I don't really think nowadays Christmas as the holiday and spending your money to give people gifts is really just for the christians/catholics anymore it has now pretty much become the norm for every kid to expect something come this time of the year.

Is this really how it is in China? I only ask because I do not know.

I'm not looking to get in any religious discussion or hijack the thread either. I only brought up the Chinese (meaning the Chinese living in China) because of their btc volume and related it to the OP's topic of Christmas. Apologies to OP if he feels like I hijacked his thread. Was not my intention.

Adrorecia

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I hope that bitcoin will increase so that I can buy in x-mas.
I am hoping for good deals.

tiggytomb

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Quote from: Junko on December 10, 2015, 11:22:31 AM

Too bad the Chinese don't celebrate the Christmas season being that only about 1% of them are Christian.

Not to get into any religious discussion and hijack this thread, I don't really think nowadays Christmas as the holiday and spending your money to give people gifts is really just for the christians/catholics anymore it has now pretty much become the norm for every kid to expect something come this time of the year.

Junko

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Too bad the Chinese don't celebrate the Christmas season being that only about 1% of them are Christian.

bitowl

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wasn't the major bubble in 2013 just because people were scared mtgox was never going to send them cash so they just hit market orders to convert to bitcoin regardless of price?

Amph

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well in 2014 there was no pump at all, it could be because we were at 1200 previously, and there was an huge dump going on, or because the festivity does not imply increase in price

2012-2013 and this years seems different they brought a huge pump, 2016 could too because it has all the cards right to do so

Topic: Christmas and Bitcoin - page 2. (Read 2773 times)